The Forest Stewardship Council International (FSC International), the investment arm of Quantum Global recently sealed a timber deal of US$250 million, the largest dedicated to timber investments in Sub‐Saharan Africa.
According to the FSC International, it is committed to responsible forest management by supporting investments that comply with the highest environmental and social standards in forestry.
“The FSC membership allows us to partner alongside an international group of leading organizations to maintain and improve the state of the world’s forests by preserving their biodiversity, productivity and ecological stability. This ultimately supports the achievement of long‐term, quality returns in this asset class for our clients, while at the same time respecting the social, environmental and governance requirements inherent from this type of investment. We are very pleased with this perspective,” Mr Jean‐Claude Bastos de Morais, founder of Quantum Global, said.
Still a niche market for timber plantation investors, Sub‐Saharan Africa remains an underinvested market.
‘The timber fund strategy aims at capitalizing on this opportunity to increase Sub‐Saharan Africa’s plantation value through best practice management and natural forest preservation, which should contribute to a sustainable economic development in Sub‐Saharan Africa,’ a release by Africa Press Organisation (APO), states.